Great Falls-Reston Soccer Club

Analysis

Great Falls-Reston Soccer Club is a registered charity in United States, based in Great Falls, VA. It received its IRS tax-exemption ruling in December 1976, 50 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Great Falls-Reston Soccer Club reported income of $2.8m and spending of $2.6m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.8m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Great Falls-Reston Soccer Club sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Boy Scouts of America ($2.8m), Boys & Girls Club of Marshfield Inc ($2.8m) and Boys & Girls Clubs of the Rogue Valley ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $270k (10% of expenses). At year end it held assets of $1.7m against liabilities of $370k, net assets of $1.3m. It reported 1 employees.